__________ provides default transaction class, payment term, and printing options for each transaction.
A. Transaction Class
B. Transaction Type
C. Transaction Sources
D. System Options
Non-invoice related transactions such as investment and interest income are known as _________ in Receivables.
A. Standard Receipts
B. miscellaneous receipts
C. Cash Receipts
D. Interest Receipts
If a promise to pay is not fulfilled and no payment is made, then the promise status changes to ______
A. Broken
B. Collectible
C. No
D. Not Collectible
Which statement is true about the "Order to Cash" lifecycle?
A. Posting receipts is part of the Cash Management process.
B. The pricing engine supplies the initial unit price from the item price listed in the Inventory Organization.
C. When you book an order, the information is transferred through AutoInvoice to Receivables for invoicing the customer.
D. During AutoInvoice, when the data is brought into the Interface tables, errors are moved to the Interface Exceptions table to be corrected.
When you run the Create Accounting program in draft mode, you can _____
A. post entries
B. create entries
C. reserve funds
D. transfer entries
The three steps in Auto Lockbox in sequence are
A. Validation, Import, Post QuickCash
B. Import, Validation, Post QuickCash
C. Post QuickCash, Import, Validation
D. Any of the above
The ________ tab in the Collections window displays all open tasks relating to the customer displayed in the Collections window header.
A. Task
B. Notes
C. Profiles
D. Transactions
Which statement is true about Invoicing Rules and Accounting Rules?
A.If a transaction has an Invoicing Rule, an Accounting Rule is optional.
B.If a transaction has an Invoicing Rule, an Accounting Rule is not allowed.
C.If a transaction has an Invoicing Rule, an Accounting Rule is also required.
D.Invoicing Rules and Accounting Rules have no effect until invoices are paid.
Lockbox is defined for a
A. Bank
B. Bank Branch
C. Bank Account
d. None of the above
________is a service that commercial banks offer to their corporate customers to auomatically apply receipts via electronic transmission
A. Direct Debit
B. Automatic Clearing
C. Auto Lockbox
D. Electronic Fund Transfer